New Zealand's energy crisis underscores the complexities of balancing traditional and renewable energy sources, as the nation reverses its 2018 ban on offshore oil and gas exploration. The pivot reflects the urgency felt by Prime Minister Christopher Luxon's right-of-center government to
Global oil markets are experiencing a significant upswing, marked by rising prices and increased production. As the world navigates through economic recovery phases post-pandemic, the demand for fossil fuels has regained momentum. Amidst this dynamic landscape, Azerbaijan emerges as a pivotal
Washington State has taken a decisive step towards reducing carbon emissions in its transportation sector by allocating $26.5 million to eleven ports for electrification projects, which represent a significant shift from fossil fuels to cleaner electricity. This financial backing stems from the
In a landmark move set to reshape the energy sector, Gran Tierra Energy, Inc., a prominent US-based oil and gas exploration and production company, has confirmed the acquisition of UK-based i3 Energy plc for approximately £174.1 million (US$225.4 million). The acquisition will be executed through a
Nestled in one of the globe’s most oil-rich regions, Iraq is embarking on an ambitious journey to overhaul its oil and gas industry. This shift aims to attract foreign investment, boost output, and cement Iraq’s role as an energy powerhouse. Central to this transformation is the adoption of pro
The acquisition of i3 Energy plc, an independent oil and gas company listed on the London Stock Exchange and TSX, by Gran Tierra Energy, Inc., marks a significant strategic move in the energy sector. Gran Tierra's $225.4 million purchase of i3 Energy, structured through a combination of cash
